IOTA, NEO and EOS price prediction: risking a drop to 2-weeks low

Sales have emerged in the last hours, affecting altcoins heavily.
Prices are approaching important levels for the mid-term development.

Tomas Salles FXStreet

Strong sales in all the crypto board in the last minutes, affecting especially IOTA, NEO, and EOS

IOT/USD 60 min

IOTA is right now in the lower price zone, just $0.12 of the main support. Should it break the $1.92 support level, a new bearish scenario would appear that could damage its development in the mid-term.

EOS/USD 60 min

EOS is a similar position, although below the trendline, weakening its technical look even more.

It is close to $10.34, the last reference level. Below, the round number $10.00 is the next possible support, but a downside breakout would open the door to greater drops.

NEO/USD 60 min

NEO, as its Matrix trilogy namesake, is moving at the limit. Losing the current price level would move the reference to $124.33.

There's still a hope for NEO due to the short-term divergences, but only a bullish turn would consolidate them.

Author

Tomas Salles

FXStreet

Tomàs Sallés was born in Barcelona in 1972, he is a certified technical analyst after having completing specialized courses in Spain and Switzerland.

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